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28872236
28872235

435 Rockaway Avenue, Brooklyn, NY 11212

Keller Williams Realty Liberty
Listed by Keller Williams Realty Liberty
$1,100,000
178 days on market
Updated 6 days ago
Opportunity zone

435 Rockaway Avenue

Details
APN 03522-0012
Property Type Land, Mixed Use
Sub Type Mixed Use
Square Footage 2,500
Pro-Forma Cap Rate 0.50%
Pro-Forma NOI $197,402
Acreage 0.057
Zoning C4-3

Land | 0.057 acres

Marketing description

435 Rockaway Avenue presents a rare opportunity to acquire a partially completed development site in the heart of Brooklyn. Situated on a 25' x 100' lot with R6/C4-3 zoning, the property includes a DOB-approved foundation (25' x 95') already in place, allowing a developer to save significant time and costs associated with the early stages of construction. Approved plans call for approximately 10,300 SF of mixed-use development featuring residential units above ground-floor commercial space. The proposed layout offers strong income-producing potential in a neighborhood experiencing continued growth and investment. Conveniently located near public transportation, major thoroughfares, shopping, schools, and neighborhood amenities, this project is well-positioned to capitalize on Brooklyn's ongoing demand for both residential and commercial space. All DOB-approved plans, filings, surveys, and supporting documentation are available for review. Offered as-is.

Investment highlights

  • Asking Price: $1,100,000
  • Lot Size: 2,500 SF
  • Buildable Area (per approved plans): ~10,300 SF
  • Price per Buildable SF: ~$131/SF
  • Zoning: C4-3 (R6 equivalent)
  • Delivered Fully DOB-Approved with plans for mixed-use development
  • Unit Mix: Four 1BR units + large 4BR duplex with private roof terrace
  • Retail Space: 1,870 SF ground floor (expandable to 2,250 SF per zoning)
  • Strong Foot Traffic: Located at Rockaway Ave & Pitkin Ave on an active commercial corridor
  • High Rental Demand & Upside: Premium duplex + retail lease creates strong stabilization potential
  • Transit Access: Steps to A/C/L subway lines and major bus routes
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Listing Contacts

Keller Williams Realty Liberty
Listed by Keller Williams Realty Liberty

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